Welcome to our dedicated page for Iridium Comm news (Ticker: IRDM), a resource for investors and traders seeking the latest updates and insights on Iridium Comm stock.
Iridium Communications Inc. (NASDAQ: IRDM) is a provider of global mobile voice, data, and positioning, navigation and timing (PNT) satellite services, and its news flow reflects activity across commercial, government, and critical infrastructure markets. Company announcements frequently emphasize that Iridium operates the only mobile voice, data, and PNT satellite network that spans the entire globe, enabling real-time connections between people, organizations, and assets anywhere on Earth.
News updates for IRDM often cover multi-year contracts and collaborations with U.S. government agencies, including the U.S. Space Force and the U.S. Department of Transportation, for satellite airtime, infrastructure modernization, and deployment of Iridium PNT services. Releases also highlight partnerships with telecommunications and technology companies, such as T-Mobile, Vodafone IoT, Qualcomm Technologies, Inc., and equipment manufacturers like HD Hyundai Construction Equipment, where Iridium’s satellite connectivity and IoT services extend coverage into remote and demanding environments.
Investors and industry followers can expect regular coverage of Iridium’s quarterly financial results, capital allocation decisions, and participation in investor conferences, as well as product and technology developments. Recent examples include the unveiling of the Iridium PNT ASIC for GNSS resilience and announcements related to Iridium NTN Direct for NB-IoT and direct-to-device connectivity. Board appointments and governance updates also appear in the company’s news stream.
This IRDM news page aggregates these announcements so readers can track developments in Iridium’s satellite communications, IoT, and PNT businesses, along with its evolving relationships with government, telecom, and industrial partners. For ongoing research, this feed provides context on how Iridium positions its global LEO network within mission-critical communications and safety services.
Iridium Communications (NASDAQ: IRDM) has appointed Manjula Sriram as its new Vice President & Chief Information Officer. With over twelve years of experience, Sriram previously served as CIO at The Joint Chiropractic. She will lead Iridium's IT organization, focusing on enhancing information systems to support the company's growth following the successful launch of its second-generation satellite constellation. CFO Tom Fitzpatrick highlighted the importance of strong IT leadership during this phase of expansion.
On December 27, 2021, Iridium Communications Inc. (Nasdaq: IRDM) announced that CEO Matthew Desch will present at the 24th Annual Needham Virtual Growth Conference on January 10, 2022, at 2:45 p.m. ET. The presentation will be accessible via a live webcast on Iridium's investor relations website. A recorded replay will be available for 30 days post-conference. Iridium is a global leader in satellite communications, providing crucial voice and data services worldwide. For further details, visit Iridium's website.
Iridium Communications Inc. (Nasdaq: IRDM) announced that CFO Thomas Fitzpatrick will present virtually at the Barclays Global Technology, Media and Telecommunications Conference on December 8, 2021, at 9:10 a.m. ET. The presentation will be accessible live through a webcast on Iridium's investor relations website, with a replay available for 30 days after the event. Iridium operates a global satellite communications network, providing reliable connectivity for various markets.
Iridium Communications announces the launch of its Iridium Certus 100 service, offering midband satellite connectivity for maritime, aviation, IoT, and government applications. This service supports small, low-profile antennas and delivers data speeds up to 88 Kbps, enabling two-way communication and high-quality voice services. Over a dozen new partner products are now certified, catering to various markets including autonomous vehicles and remote monitoring. The service provides essential capabilities that have not been previously addressed by other satellite operators.
Iridium Communications reported a net loss of $2.1 million for Q3 2021, an improvement from a $4.0 million loss in Q3 2020. Fiscal highlights include a record Operational EBITDA of $100.2 million, up 7% year-over-year, with total revenue of $162.2 million, reflecting a 7% increase. The company completed Q3 with 1.69 million subscribers, marking an 18% rise from the prior year. Iridium raised its full-year service revenue growth outlook to 5%-6%, anticipating OEBITDA of approximately $375 million. Commercial service remains robust, driven by IoT subscriber growth.
Iridium Communications Inc. (Nasdaq: IRDM) is scheduled to hold a conference call on October 19, 2021, at 8:30 a.m. ET, to discuss its third-quarter 2021 financial results. The earnings press release will be available prior to the call on its investor relations webpage. Participants can join the call by dialing 1-412-902-6740 or through a live webcast via the company's website. A replay will also be accessible shortly after the call concludes.
Iridium operates a global satellite communications network, providing reliable solutions for various markets.
Iridium Communications announced that CFO Thomas Fitzpatrick will present virtually at Deutsche Bank's 29th Annual Leverage Finance Conference on October 4, 2021, at 1:15 p.m. ET. A live webcast will be accessible on their investor relations website, with a replay available for 30 days post-event. Iridium's network offers global mobile voice and data communications, crucial for various markets, supported by their recent satellite network upgrade and the Iridium Certus broadband service. More information can be found at www.iridium.com.
Iridium Communications Inc. (NASDAQ: IRDM) has been awarded the prestigious 2021 Cogswell Award by the Defense Counterintelligence and Security Agency (DCSA) at the NCMS seminar. This recognition is granted to less than 1% of eligible defense contractors that excel in maintaining security standards. Iridium's Tempe facility was honored for its superior security programs and practices exceeding industry requirements. The award underscores Iridium's commitment to excellence in Industrial Security as a DoD contractor, showcasing its dedication to maintaining high security standards.
Iridium Communications announced a partnership with the Canadian Coast Guard on August 4, 2021, for the Iridium Certus connectivity service.
The Coast Guard deployed Thales VesseLINK 700 terminals on its vessels, enhancing internet connectivity in remote Arctic waters.
This development is crucial for operational efficiency, as it allows for constant communication and access to vital navigational data and weather reports.
Iridium's technology, providing unparalleled global coverage, supports marine safety and environmental protection efforts in Canada.
Iridium Communications (NASDAQ: IRDM) announced on Aug. 2, 2021, that Japan's Ministry of Internal Affairs and Communications approved regulatory amendments for the adoption of Iridium Certus broadband, Iridium CPDLC, and Global Maritime Distress and Safety System (GMDSS) services. This approval allows Japanese flagged aircraft and ships to utilize these services, enhancing global connectivity. Iridium Certus provides advanced L-band broadband solutions tailored for maritime, land mobile, and aviation applications. The company is set to benefit from expanded market access in Japan.
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